BOJ braces for higher interest rates with provisions boost

BOJ braces for higher interest rates with provisions boost BOJ braces for higher interest rates with provisions boost

TOKYO — The Bank of Japan has set aside the maximum provisions for losses on bond transactions, in a sign of how the central bank is preparing for rising interest rates.

For fiscal 2024, the BOJ raised the level of provisions to 100% for the first time, Nikkei has learned.